Stanbic Uganda Holdings Limited has reported strong financial results for the year ended December 31, 2025, with shareholders set to receive Ushs 360 billion in dividends. The payout highlights the Group’s steady growth, disciplined execution, and resilient business model.
The results also come at a time of leadership transition. Outgoing Franchise Chief Executive Francis Karuhanga closed his final year on a high. Mumba Kalifungwa completed his first year leading the banking subsidiary, the Group’s main business.
Stanbic’s performance came amid an improving economic environment. Uganda’s economy grew by 6.3% in 2025, up from 6.0% in 2024. Inflation remained low at an average of 3.6%. The Central Bank Rate eased to 9.75%. The Ugandan shilling strengthened to an average of Ushs 3,600 against the US dollar, compared to Ushs 3,755 in 2024.
Despite fiscal pressures, investor confidence improved. Progress towards first oil production boosted optimism about Uganda’s medium-term growth.
Stanbic delivered steady growth with tight cost control. Revenue rose by 11%. The cost-to-income ratio improved to 47.1%, below the 50% target. Return on equity increased to 26.8%, above the Group’s 20% benchmark.
Net profit grew to Ushs 591 billion, up 23.6% from Ushs 478 billion in 2024. The share price also rose by 89% over three years, closing at Ushs 60 as of December 31, 2025.
“Our robust earnings of Ushs 591 billion and a return on equity of 26.8% reflect the strength of our strategy, the resilience of our franchise, and our unwavering focus on delivering long-term shareholder value,” said Francis Karuhanga, Chief Executive of Stanbic Uganda Holdings Limited.
Stanbic Bank Uganda remained the key driver of the Group’s performance. Under Mumba Kalifungwa, the bank recorded strong growth.
Customer deposits increased by 13% to Ushs 8.0 trillion from Ushs 7.1 trillion. Net loans and advances grew by 16.4% to Ushs 5.1 trillion. Revenue rose by 11% to Ushs 1.4 trillion.
“This performance reflects the collective effort of our people, the trust of our clients, and the strength of our partnerships. I am encouraged by the momentum we have built and confident in our ability to sustain it,” said Mumba Kalifungwa, Chief Executive of Stanbic Bank Uganda.
Chief Financial Officer Ronald Makata said the Group remains financially strong. Capital adequacy stood at 23%, above the regulatory minimum of 12%. The non-performing loans ratio was 1.7%, below the Group’s risk limit of 7.5%. The credit loss ratio improved to 0.4%.
Liquidity remained high. The liquidity coverage ratio stood at 354%, while the net stable funding ratio was 176%.
“Our balance sheet strength and disciplined risk management continue to position us for sustainable growth, while providing resilience in an evolving operating environment,” said Ronald Makata.
Looking ahead, Stanbic Uganda said it will continue to support inclusive growth through its Positive Impact agenda approved in 2025. The plan focuses on financial inclusion, enterprise growth, infrastructure financing, climate resilience, and social investment.
“Our Positive Impact agenda is a clear expression of our purpose—Uganda is our home, and we are committed to driving her growth in a way that is inclusive, sustainable, and far-reaching,” said Mumba Kalifungwa.
The strategy aligns with Uganda’s national development agenda for 2025–2040.
